Question
A firm uses backflush costing and values inventory using throughput accounting . All actual cost amounts are equal to budgeted amounts. The firm has NO
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A firm uses backflush costing and values inventory using throughput accounting. All actual cost amounts are equal to budgeted amounts. The firm has NO variable overhead.
Total DM $10,000 Total DL $4,000 Total Fixed OH $7,000 Total completed and in process 20,000 units Units in finished goods 150 Units in process 100
The firm has $50 of raw materials at the end of the period. Which of the following is the correct balance for COGS after inventory costs have been backflushed?
a. $9,825
b. $13,775
c. $13,825
d. $9,875
A firm uses backflush costing and values inventory using throughput accounting. All actual cost amounts are equal to budgeted amounts. The firm has NO variable overhead.
| Total DM | $10,000 |
| Total DL | $4,000 |
| Total Fixed OH | $7,000 |
| Total completed and in process | 20,000 units |
| Units in finished goods | 150 |
| Units in process | 100 |
The firm has $50 of raw materials at the end of the period. Which of the following is the correct balance for COGS after inventory costs have been backflushed?
| a. | $9,825 | |
| b. | $13,775 | |
| c. | $13,825 | |
| d. | $9,875 |
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Culture Audits Supporting Organizational Success Information Line
Authors: Cynthia Solomon
1st Edition
156286386X, 978-1562863869
